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Mark Keene

mhkeene60@gmail.com +1(219) 292-3704

$ 249,950

Est. payment | -/mo

1,023 SqFt

Save

$ 249,950

Est. payment | -/mo

Save

1,023 SqFt

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 1,023 sqft

Price per Sqft $244

Subdivision Hoffman Manor

MLS Listing ID 840444

HOA Y/N No

Year Built 1978

Annual Tax Amount $1,283

Tax Year 2025

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Retail

Property Description

TURNKEY RETAIL/PROFESSIONAL SPACE ON HIGH-GROWTH COMMERCIAL AVENUE CORRIDOR. Position your business in this fully remodeled, 1,023 sq ft turnkey retail storefront or professional office. Located on East Commercial Avenue, the unit capitalizes on Lowell's rapid growth (over 12prcnt population increase since 2020, growing 1.54prcnt annually). Positioned between the high school and Lowell Plaza shopping hub, you will capture heavy daily traffic averaging 15,000 to 18,702 vehicles per day. Current monthly retail sales are 15-17K. The open-concept layout features extensive 2022 upgrades: plug-and-play modular track lighting, interior LED recessed lighting, and built-in slat walls that remain. Rear East wall shelving is included. Display cases, a refrigerated cooler, full video surveillance, and track downlight kits are available for lease or purchase. A full turnkey inventory package can also be negotiated. This move-in-ready layout provides private rear storage, a restroom, laundry facilities, and independent rear access. The physical asset is completely modernized with a brand new furnace, central AC, roof, and exterior makeover featuring maintenance-free siding and soffits. Tenants enjoy independent utility meters and deeded right-of-way access across all common lots shared by units 170-176, offering ample paved parking. Terms require a 1-year min for a lease only at a base rate of 1400 per month, with 1st, last, and 1-month security deposit required. Contract-to-purchase options and future ownership opportunities are available based on lease terms and credit. Overhead is predictable: NIPSCO gas/electric averages 185 per month, plus base water is 36, base sewer is 67, and a quarter-share dumpster fee is 23 plus seasonal snow removal. The application fee is 75 for the main applicant (refundable upon lease execution) and 35 for a co-applicant. Survey available. Schedule your private showing today to anchor your business in NW Indiana's premier growth market.

Location

State IN

County Lake

Interior

Interior Features Ceiling Fan(s), Vaulted Ceiling(s), Open Floorplan

Heating Forced Air

Fireplace N

Exterior

Exterior Feature Lighting, Rain Gutters

Parking Features Off Street, Paved, Other

View Y/N true

Building

Sewer Public Sewer

Water Public

Others

Tax ID 451925227018000008

Acceptable Financing NRA20260610205414338603000000

Listing Terms NRA20260610205414338603000000

Listed by SCHUPP Real Estate • John Schupp

Nearby Locations

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Mark Keene

Managing Broker License ID: RB18001895

mhkeene60@gmail.com

+1(219) 292-3704

3709 Broadway #2, Gary, IN 46409

176 Deanna DR Lowell, IN 46356

Mark Keene

Key Details

Location

Interior

Exterior

Building

Others

176 Deanna DR